Auspicious days for buying gold in India

Following are some of the days considered auspicious for gold purchases in 2013 according to the Hindu calendar in India, which is vying with China to be the world’s top consumer of the precious metal.

Shopkeeper displays gold jewellery for camera at jewellery shop in Jammu
The Hindu calendar has regional variations, but the dates below are broadly followed across the country in gold trade for planning inventories.
Click on Next to see the auspicious days to buy gold this year.

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April 11 – Gudi Padwa/ Ugadi
Significance: New Year in Maharashtra and Deccan region

Gold jewellery is on display at a jewellery showroom in Kolkata
April 12 – Pushya Nakshatra
Significance: Launching new ventures

An employee displays gold models of elephants at the
April 18 – Gurupushyamrit
Significance: Launching new ventures

Worker displays gold jewellery at shop in Mumbai
May 13 – Akshaya Tritiya
Significance: Gold invokes prosperity

Customers look at gold bangles inside jewellery shop in Hyderabad
May 16 – Gurupushyamrit
Significance: Launching new ventures

Salesman arranges gold necklaces at jewellery shop in Agartala
June 12 – Pushya Nakshatra
Significance: Launching new ventures

Shop keepers show gold jewellery to a customer inside their shop in Dhaka
July 10 – Pushya Nakshatra
Significance: Launching new ventures

Gold jewellery is displayed at a jewellery shop in Kolkata
July 22 – Guru Poornima
Significance: Festival

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August 20 – Raksha Bandhan
Significance: Festival

A shopkeeper shows gold bangles to a customer at a jewellery shop in Mumbai
September 2 – Pushya Nakshatra
Significance: Launching new ventures

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October 13 – Dusshera
Significance: Festival

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October 27 – Pushya Nakshatra
Significance: Launching new ventures

Shopkeeper displays gold jewellery inside his shop in Jammu
November 1 – Dhanteras
Significance: Gold invokes prosperity

A worker counts gold bangles at a jewellery-making workshop in Jammu
November 3 – Laxmi Pujan
Significance: Worshipping goddess of wealth

A woman tries on a gold bracelet at a jewellery showroom in the eastern Indian city of Siliguri
November 4 – Diwali
Significance: Festival of lights

Shopkeeper displays gold jewellery inside his shop in Jammu
November 5 – Bhaubij
Significance: Festival

Worker displays gold jewellery at shop in Mumbai
November 23 – Pushya Nakshatra
Significance: Launching new ventures

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December 19 – Gurupushyamrit
Significance: Launching new ventures

A salesgirl shows a gold necklace to customers at a jewellery showroom in Chandigarh
The biggest gold buying festivals are Akshaya Tritiya and Dhanteras. An inauspicious phase — Shradh — a period for paying homage to ancestors, runs from September 20 till October 4.

Gold jewellery is on display at a jewellery showroom in Kolkata
The Hindu calendar has regional variations, but the above dates are broadly followed across the country in gold trade for planning inventories.

Courtesy: http://in.finance.yahoo.com

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